Should Companies Profit When Employees Die?

Some companies have found a very creepy way to increase their bottom line.  They are buying life insurance policies for employees in which the company and not the family receives the tax free payout in the event of the employees death. Millions of American workers have no knowledge that these policies have been taken out […]

Extended Unemployment Benefits to Expire November 30th

For millions of Americans, extended unemployment benefits will expire on November 30th.  Last week, a measure to extend the benefits under the current tier system was blocked by House Republicans.  These are the same individuals that would like to stop a proposed tax increase on individuals earning more than $250,000 per year.  They argue that […]

TAXPAYERS FACE LOSSES ON GM’S INITIAL PUBLIC OFFERING

By Mark Kleis Several sources familiar with the preparations of General Motors’ upcoming initial public offering are, according to the latest projections, suggesting that American taxpayers could take a loss on the offering, potentially pushing off payback for years. The U.S. taxpayers currently lay claim to a 61 percent ownership stake in GM, meaning taxpayers […]

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